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20121001
20121031
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. >> larry, people are comparing this storm to last year's hurricane irene the tenth costliest in history. now from its command center today, home depot sending sump pumps, shop vacs anticipating lining irene a lot of coastal and inland flooding. for home depot that means demand for carpeting picks up after the storm. if there's any extra profit for the retail that comes out of this storm it comes from demand not pricing. home depot locked in prices this morning just to make sure that consumers will not get gouged. as for paying for the property, property and casualty insurers in good shape thanks to higher premiums and a lack of major events. a major storm may allow some of them to pass on higher prices to their clients. restaurants will see business decline. restaurants like this group you see here can take solace from the fact the storm is hitting did your the slow part of their week. as for the power provider the big exposure these four have in the mid-atlantic region where the heaviest rains and flooded is forecast. any earnings risk lies in prolonged outages in those areas. farther
deep. that water has now come up, and we're well above the levels that we were during hurricane irene. that was expected as the storm surge now comes in, and as i said the wind picks up, and it's going to get worse as the -- as the evening goes on. all of the bridges now in and out of manhattan closed. the east river and the hudson river as well as the verazzano bridge that connects brooklyn and staten island. manhattan literally is now an island. there is also now the concern that conedison the local utility has raise that had they may have to do preemptive power outages, if it looks like some of the low-lying areas are going to flood to protect the underground equipment. they would do power outages, so so much for the utility of having utilities and elect call wires under a ground. that can be an issue as well when storm surges rise. we'll be back with more as our special coverage goes on. guys, back to you. >> thank you so much, scott. that's why we have so many issues with the exchange. that's the neighborhood where the new york stock exchange is. back to the dramatic picture in m
. the estimates begin at a billion dollars and head north from there. based on the cost of irene at the same time last year when power was out in new england. we get the latest on the storm now from bryan norcross at the weather channel. what's the latest? >> this hurricane is in the bahamas now. and it is heading north. and the big concern, i think it's going to dominate your lives starting this weekend there in the new york city area and all of the northeast. let's take a look at this graphic here. there's the hurricane moving north through the bahamas. it bends offshore but over the weekend, it's affecting the carolinas with pretty good winds right along the coast. and then early next week, it bends in to the northeast. we have never had a storm come out of the topics and bend in like that. so the thinking is that somewhere from props the delaware bay area, south jersey area north, this is going to drive water all along the beaches. and this has the potential to cause tremendous damage along the coastline and the whole scenario we had with irene in new york city and the transportation problems
get. you are would have to make your own way. >> where do you rate this? >> i was here for irene. certainly, as everyone else has said, it is a more intense and unprecedented storm to what it has done to operations, we are also bringing some of them back. >> thank you for joining us tonight. >> we have re-established on the phone, m.laroso on the phone. thank you for joining us. how long, we are asking the questions everyone else wants answers to i'm sure. >> glad to give you information. we've been able to make good progress today. we are down from our peak from under 1.4 million customers. so, more than 25% of the location that is were damaged those customers that weere interrupted were restored. we were able to restore service to newark airport. we restored service to the city of newark and elizabeth. >> the remains million people how long will they have to wait? >> i don't want to give you an exact number. we think there will be stragglers. those are the customers that have individual services down. but we plan to get most of the customers back within that seven day window. >
Search Results 0 to 3 of about 4